local real estate news, statistics, and commentary without the sales spin.
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 2.3% February to March Up 7.5% YOY. Down 9.4% from the July 2007 peak Last year at this time prices rose 1.9% month-over-month and year-over-year prices were up 11.6%. Year-over-year price gains…
It has been a while since we checked up on stats outside of the King/Snohomish core, so let’s update our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. This month’s story in a nutshell: Bad news for buyers, great news for sellers. It’s pretty much a terrible time to buy…
April market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release. Pent-up demand triggering record pace of home sales around Western Washington Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by…
With April 2015 now in the rear view mirror, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: First, a tiny ray of good news… Listing inventory…